Sara Jacqueline King files counterclaim in federal court alleging her husband forced her to play slots in Las Vegas trying to recoup loan proceeds.
A Newport Beach attorney who allegedly scammed a lender out of $10.2 million in 2022 to fund a six-month stay at a swanky Las Vegas resort where she frequented casinos around-the-clock now claims her husband pressured her to gamble millions in an effort to win enough to repay the loans.
However, in each instance, King allegedly provided LDR International with phony title documents, appraisals, photographs, and contracts, as well as proof of funding through cashier’s checks with the borrowers’ names redacted. U.S. District Court Judge David O. Carter ruled that the counterclaim is deficient because Abbas-Vahid is not a party to the LDR International lawsuit against King. Carter has ordered King to refile the counterclaim by Monday, April 3, explaining the basis for the court’s jurisdiction over Abbas-Vahid.
In February and March 2022, King Family Lending allegedly paid $104,600 to LDR International for the interest earned on the loans. Afterward, Reiss instructed King to retain the principal amount and all interest earned to fund additional loans, the counterclaim says. “Abbas-Vahid gave up on all businesses when they got tough and instead of salvaging all the money King had invested, played golf and tennis daily while King worked,” the counterclaim states.
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